Kazakhstan's Economy Grows Despite Oil Production and Consumer Credit Slowdown
Kazakhstan's economy has grown by 4.2% since the start of the year, despite a decline in oil production by 8.3% and slower consumer credit growth. The strengthening tenge also impacts export-oriented sectors. Inflation has decreased to 9.3%, leading to a 0.7% increase in real household incomes in the second quarter.
Headline and summary written by daryo. The full report belongs to LS.